CofE choose MSCI ESG research for global ethical screening

Published on Friday, 25 April 2014 09:17
Written by Vicki Mitchem

MSCI Inc. a leading provider of investment decision support tools worldwide, announced today that the Church of England national investing bodies and CCLA, a specialist investment manager for charities, churches, and local authorities, have together selected MSCI ESG Research Inc. to provide global ethical screening, ESG ratings, and other services.

The Church's national investing bodies and CCLA have subscribed to MSCI ESG Research's full suite of products including MSCI ESG Business Involvement Screening Research and MSCI ESG Impact Monitor to ensure that global companies in which they invest meet their ethical investment standards. Key aspects of this work will cover an investment universe of over 9,000 companies and include:

  • Screening for companies involved in faith-based exclusion criteria such as Tobacco, Adult Entertainment, Gambling, Defence and Weapons
  • Bespoke screening in support of policies on High Interest Rate Lending and, for CCLA's Charity Ethical Fund clients, Energy Coal Extraction
  • Identification of companies involved in major controversies or that have breached UN Global Compact standards.

The Church's national investing bodies and CCLA have also subscribed to MSCI ESG IVA ratings to support the integration of material ESG factors into their engagement and portfolio analysis processes, and to examine the potential for further ESG integration.

Remy Briand, Managing Director and Head of MSCI Index and ESG Research, said "We are proud to work with the Church of England and CCLA, both pioneers and market leaders in ethical and responsible investment. Working with them is a unique opportunity for us to expand our involvement with the charity and faith-based investment community in the UK. We are also delighted that the Church and CCLA have chosen MSCI ESG Research to support the continuing integration of ESG factors into their ownership and portfolio monitoring practices."

Edward Mason, Secretary to the Church of England Ethical Investment Advisory Group, said "The Church of England national investing bodies have a very broad suite of ethical investment policies. We are delighted by the commitment that MSCI ESG Research has shown to meeting our changing needs as we continue to seek to reflect the Church's values in an ever more complex investment environment."

Helen Wildsmith, Head of Ethical and Responsible Investment at CCLA, said "MSCI has an impressive suite of services for ethical and responsible investors. Their global reach, and provision across bonds as well as listed equities, were important factors in us choosing to appoint MSCI ESG Research to our roster of ethical screening partners."

Source: MSCI


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